17 April 2009
Vikram Pandit beat expectations, Citigroup Posts $1.6 Billion Profit
Citigroup posted a smaller-than-expected loss since 2007 thanks to cost-cutting and improved investment banking. Citi’s the third large institution this week, after Goldman Sachs Group and J.P. Morgan Chase & Co., to report stronger-than-proj...
15 April 2009
Royal Bank of Scotland shortlists three bidders for Asia business
Royal Bank of Scotland Group PLC (RBS) has a shortlist of three bidders for its Asian retail and commercial banking assets in a sale that could fetch up to $1.8 billion, according to a report on The Wall Street Journal’s Web site. The shortlisted...
14 April 2009
UBS axed 240 Jobs in Asia-Pacific Wealth Mgmt group
Swiss bank UBS AG (UBS) is laying off 100 staff in Singapore, which together with Hong Kong as part of efforts to cut costs. The bank is shedding 240 jobs, or about 8% of the work force altogether in Asia Pacific, all from its wealth management group. ...
10 April 2009
Wells Fargo sees record first-quarter profit approximately $3 billion!
Wells Fargo Expects, a diversified financial services company with $1.3 trillion in assets, Record First Quarter Earnings of Approximately $3 Billion Strong business momentum at Wells Fargo and Wachovia, including $190 billion in mortgage applications ...
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